From 1860 to 1910, U.S. statistical and qualitative evidence suggests that
(a) many migrants came during the upswings in the U.S. business cycle.
(b) the employment experiences and economic conditions of family and friends in the U.S. influenced the decisions of prospective immigrants.
(c) economic desperation, social immobility and restricted labor opportunities "pushed"
immigrants out of their homelands and into the U.S.
(d) all of the above are true.
(c)
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The tables above show the marginal costs and benefits from production of paper. If the efficient level of output is achieved by imposing a tax on paper producers, the government collects tax revenue equal to
A) $64,000. B) $56,000. C) $72,000. D) $48,000.
In today's economy, dollar bills serve as money because
A) people have confidence that others will accept them as money. B) they are backed by gold. C) they have a value as a commodity independent of their use as money. D) they can be redeemed for gold by the Federal Reserve.